AP NEWS

Power Integrations: 3Q Earnings Snapshot

October 25, 2018

SAN JOSE, Calif. (AP) _ Power Integrations Inc. (POWI) on Thursday reported third-quarter earnings of $17.7 million.

On a per-share basis, the San Jose, California-based company said it had net income of 59 cents. Earnings, adjusted for one-time gains and costs, were 77 cents per share.

The maker of integrated circuits used for power conversion posted revenue of $110.1 million in the period.

For the current quarter ending in December, Power Integrations said it expects revenue in the range of $94 million to $100 million.

Power Integrations shares have declined 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.45, a decrease of 26 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POWI at https://www.zacks.com/ap/POWI

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